Common use of Credit Bids Clause in Contracts

Credit Bids. At any Foreclosure Sale, any person, including Trustor, Trustee or Beneficiary, may bid for and acquire the Property or any part thereof to the extent permitted by then applicable law. Instead of paying cash for such property, Beneficiary may settle therefor by crediting such portion of the following obligations against the sales price of the property as is necessary to equal such price:

Appears in 3 contracts

Samples: Eldorado Resorts LLC, Eldorado Resorts LLC, Agreement (Players International Inc /Nv/)

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Credit Bids. At any Foreclosure Sale, any person, including Trustor, Trustee or Beneficiary, may bid for and acquire the Property or any part thereof of it to the extent permitted by then applicable law. Instead of paying cash for such that property, Beneficiary may settle therefor for the purchase price by crediting such portion of the following obligations against the sales price of the property as is necessary to equal such priceagainst the following obligations:

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (Cost Plus Inc/Ca/), Recording Requested (Oakley Inc)

Credit Bids. At any Foreclosure Sale, any person, including Trustor, Trustee Grantor or Beneficiary, may bid for and acquire the Property or any part thereof of it to the extent permitted by then applicable law. Instead of paying cash for such property, Beneficiary may settle therefor for the purchase price by crediting such portion of the following obligations against the sales price of the property as is necessary to equal such priceagainst the following obligations:

Appears in 2 contracts

Samples: Defined Terms (Bluerock Residential Growth REIT, Inc.), Security Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

Credit Bids. At Pursuant to applicable law, at any Foreclosure Sale, any person, including Trustor, Trustee Grantor or Beneficiary, may bid for and acquire the Property or any part thereof of it to the extent permitted by then applicable law. Instead of paying cash for such property, Beneficiary may settle therefor for the purchase price by crediting such portion of the following obligations against the sales price of the property as is necessary to equal such priceagainst the following obligations:

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (TNP Strategic Retail Trust, Inc.)

Credit Bids. At any Foreclosure Sale, any person, including ----------- Trustor, Trustee or Beneficiary, may bid for and acquire the Property or any part thereof of either to the extent permitted by then applicable law. Instead of paying cash for such property, Beneficiary may settle therefor for the purchase price by crediting such portion of the following obligations against the sales price of the property as is necessary to equal such priceagainst the following obligations:

Appears in 1 contract

Samples: Coast Hotels & Casinos Inc

Credit Bids. At any Foreclosure Sale, any personPerson, including Trustor, Trustee Trustor or BeneficiaryLender, may bid for and acquire the Property or any part thereof of it to the extent permitted by then applicable law. Instead of paying cash for such propertyProperty, Beneficiary Lender may settle therefor for the purchase price by crediting such portion of the following obligations against the sales price of the property as is necessary to equal such priceProperty against the following obligations:

Appears in 1 contract

Samples: Security Agreement (Wells Mid-Horizon Value-Added Fund I LLC)

Credit Bids. At any Foreclosure Sale, any person, including Trustor, Trustee or Beneficiary, may bid for and acquire the Property or any part thereof of it to the extent permitted not expressly prohibited by then applicable law. Instead of paying cash for such property, Beneficiary may settle therefor by crediting such portion shall have the benefit of the following obligations against the sales price of the property as is necessary to equal such price:any applicable law permitting credit bids.

Appears in 1 contract

Samples: legistarweb-production.s3.amazonaws.com

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Credit Bids. At any Foreclosure Sale, any person, including Trustor, Trustee or Beneficiary, may bid for and acquire the Property or any part thereof of it to the extent permitted by then applicable law. Instead of paying cash for such propertycash, Beneficiary may settle therefor for the purchase price by crediting such portion of the following obligations against the sales price of the property as is necessary to equal such priceagainst the following obligations:

Appears in 1 contract

Samples: Purchase Agreement (Rancon Realty Fund V)

Credit Bids. At any Foreclosure Sale, any person, including TrustorGrantor, Trustee Trustee, Beneficiary or Beneficiarythe Secured Parties, may bid for and acquire the Property or any part thereof of it to the extent permitted by then applicable law. Instead of paying cash for such that property, Beneficiary or the Secured Parties may settle therefor for the purchase price by crediting such portion of the following obligations against the sales price of the property as is necessary to equal such priceagainst the following obligations:

Appears in 1 contract

Samples: Qad Inc

Credit Bids. At any Foreclosure Sale, any person, including TrustorGrantor, Trustee or Beneficiary, may bid for and acquire the Property or any part thereof of it to the extent permitted by then applicable law. Instead of paying cash for such that property, Beneficiary may settle therefor for the purchase price by crediting such portion of the following obligations against the sales price of the property as is necessary to equal such priceagainst the following obligations:

Appears in 1 contract

Samples: Owens Realty Mortgage, Inc.

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